UK government borrowing costs fall as Reeves hints at tax rises – as it happened

The UK government is seeing a decrease in borrowing costs, which is a positive sign for the economy. Meanwhile, semiconductor company ASML is experiencing mixed results; while it benefits from the AI boom, it anticipates a drop in demand from China next year. ASML reported a slight decline in sales for the third quarter, totaling €7.5 billion, down from €7.7 billion in the previous quarter. This situation highlights the complexities of the global market, where advancements in technology can be offset by regional economic challenges.